What is the best car insurance for teens? It is quite difficult to find the best affordable car insurance for teens. This is because teen drivers are inexperienced drivers and are considered high-risk drivers. Also because of these and other factors, teens tend to face higher insurance premiums and rates. Due to this, finding the best car insurance for teens is advisable.
Insuring teens under a parent’s or guardian’s car policy is much cheaper than purchasing personal car coverage for teens. Teens should consider finding the best car insurance that fits their budget, as there is no specific insurance for them. Teenagers, regardless of their age, are required to have the minimum liability insurance coverage mandated by the state. Understanding the type of car insurance and finding the best coverage for teens is crucial before purchasing insurance.
Best Car Insurance For Teens
Insurance companies like Progressive, Travelers, Nationwide, and others offer flexible affordable insurance rates and benefits to make insurance premiums more affordable for teens. By comparing different car insurance companies and searching for cheaper coverage, you can easily get the best car coverage for teens. Some of the top auto insurance options for teenagers are listed below.:
Nationwide
One of the best car insurance companies for teens is Nationwide. This insurer offers the lowest average insurance rates to parents adding their teenage drivers to their car insurance policy. Aside from parents, Nationwide offers lower-than-average car policy rates for teens and young adults needing a personal policy. If ever you need an affordable car insurance rate for teen drivers, Nationwide is a good insurance company to consider.
Erie
Another car insurance that offers lower insurance rates for teens on personal life insurance is Erie. This car insurer also offers lower insurance rates for parents adding their teen drivers to their policy. Aside from all these, Erie offers benefits to drivers with DUIs, speeding tickets, or accidents.
USAA
USAA also offers lower rates to parents who are adding their teen drivers to their car insurance policy. This insurer provides lower rates for various drivers, including speeding tickets, accidents, and teen drivers purchasing personal car insurance policies. Irrespective of whether you have a good or bad credit history, USAA still offers competitive rates that fit into your budget.
Travelers
Travelers offers lesser-than-average car insurance rates for different drivers, including teen drivers on their parents’ car insurance policy and even young adults between the ages of 18 and 25 purchasing personal insurance coverage. If ever you need an affordable car insurance policy, this insurer is the best to consider.
Westfield
Westfield may not offer competitive rates like other insurers but it offers the best car insurance policies and premiums for teen drivers. It has a low level of complaints concerning its insurance coverage and ability to pay claims.
FAQs:
What Other Factors Do Car Insurance Companies Use to Calculate Premiums?
Aside from your age and gender, car insurance companies use other factors like your location, driving history, previous claims filed, type of insurance policy coverage and limits chosen, and your car’s make and model. Insurance companies in some states consider credit history as a crucial factor in evaluating insurance costs for adults and teens.
How Do I Find The Best Car Insurance For Teens?
To find the best car insurance for teens, compare different insurance companies’ rates and premiums. To determine the cost of insurance, consider various factors, including personal and family policies, when deciding on the appropriate coverage. Fix up fixable factors like credit history or having a car that is cheaper to insure, or any other fixable factors. Maintain a good driving record and consistently drive safely.
Is it Cheaper to Insure Teens on Their Parents’ Car Insurance Policy?
Most times, it is cheaper for parents to insure teens on their car policy. This is because teens are inexperienced drivers and are considered high-risk by insurance companies; for this reason, they are prone to higher insurance rates. However, it is nearly mandatory for teens below the age of 18 to remain under their parents’ car policy until they become adults. In cases where teens need to have personal car coverage, they are required to seek the consent of their parent or guardian.
